TD Ameritrade has teamed up with FundQuest to offer a new managed account platform to independent registered investment advisors. The program allows RIAs to build client-specific options through a variety of non-proprietary choices in such areas as unified managed accounts, separately managed account models and mutual fund models offered by FundQuest, a wealth management products provider that is owned by BNP Paribas, the French banking giant.
TD Ameritrade Institutional provides brokerage and custody services to more than 4,500 fee-based, independent RIAs.